Organisation of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran.
OPEC in its monthly report for March notes a steady increase in Libyan oil production since the conflict began last year. Production for February, the cartel reports, was about 75 percent of the pre-war levels. This week, the country’s prime minister…
OPEC’s reference crude oil basket price rose further to $123.25 a barrel on Monday from $122.86 in the previous session, OPEC said on Tuesday.
Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose to 30.87 million barrels per day (bpd) in January from 30.83 million bpd in December. This leaves the organization overproducing its brand new production ceiling…
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil output averaged 30.83 million barrels per day (b/d) in December, up 230,000 b/d from estimated November output of 30.6 million b/d, a just-released Platts survey of OPEC and oil…